What We Do
Through our value-enhancing reinvestment program, our Re/Development team reinvigorates centers to reflect the surrounding communities, better address their needs, and enhance their connection further. Projects include dividing large anchors into multiple, smaller tenant spaces, redeveloping outparcels, adding landscaping and gathering places for customers, and making modern, aesthetic, and sustainable improvements to improve the ambiance of our centers.
Click here to learn more about our reinvestment strategy and projects.
Examples of improvements that Brixmor has made to reduce energy usage include:
These initiatives have contributed to a like-for-like common area electricity reduction of 52% since 2016.
Examples of improvement that Brixmor has made to reduce water consumption include:
These initiatives have lowered our like-for-like common area water consumption by 11% since 2016.
In partnership with our tenants, Brixmor is committed to reducing overall waste and increasing the diversion of waste to landfills. In 2022, 28% of the waste picked up from our shopping centers was recycled or composted, resulting in the diversion of approximately 28,349 metric tons of waste from landfills.
Waste management and waste diversion are considering during planning for our redevelopment projects. At construction and demolition sites, building materials and waste are sorted for salvage and recycling to the greatest extent possible. Local teams donate office furniture, equipment, and other items discarded during tenant move-outs. Through enhanced awareness, education, and management strategies, we work to improve waste diversion rates across the portfolio.
Brixmor recognizes that climate change is a pressing and significant issue that will continue to have a major impact on our portfolio and the communities we serve. We released our Climate Change Policy in 2021 and committed to achieving net zero carbon emissions by 2045 for areas under our operational control. In the same year, Brixmor also signed onto the SBTi under the more stringent 1.5C aligned scenario, committing to reducing Scope 1 and 2 emissions by 50% by 2030, as compared to a 2018 baseline. Through 2022, improvements in energy efficiency and the addition of renewable energy sources to our properties have resulted in a ~39% reduction against this interim SBTi goal.
Additional disclosure aligned with the Task Force on Climate-related Financial Disclosures (TCFD) framework is available in our latest Corporate Responsibility Report.